Romanian lender Banca Transilvania posted a net profit of EUR 23.2 million in 2010, 58 percent higher than the one posted in 2009, the bank has announced. The increase was mainly due to revenues from interests and to the strict cost control, according to the bank.

Romanian furniture producer and retailer Staer has started the insolvency procedures, according to Elva Cont, the judiciary administrator. Staer owns a furniture factory in Galati as well as a chain of 24 furniture stores across Romania.

British IT company Endava plans to hire 200 more people in Romania this year and open new delivery centers in the country. The company will organize recruiting events in Bucharest, Iasi and Cluj – Napoca in the following months.

Romanian Finance Minister Gheorghe Ialomitianu on Monday said the International Monetary Fund and the European Commission appreciated Romania’s results under the stand by agreement, adding value added tax revenue covered arrears and kept the budget deficit within agreed margins.

French bakery chain Paul plans to open two new stores this year and has a budget of EUR 800,000 for the new openings, according to Wall-street.ro. The bakery chain, which already runs three stores in Bucharest, is looking at both shopping center and street locations in Bucharest

Bucharest metro company Metrorex will organize a bid to award a EUR 12.1 million contract for design, technical consultancy, legal and technical assistance to prepare the public private partnership (PPP) project for a new metro line in Bucharest.

The European Bank for Reconstruction and Development is considering providing up to EUR 27.5 million loan to Compania APA Brasov S.A. for key investments in the County of Brasov to meet EU water and wastewater directives.

Romania’s consolidated budget posted in 2010 a deficit of EUR 7.8 billion, or 6.5 percent of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. In its financing agreements with the IMF and the European Commission, Romania pledged to keep the budget deficit below EUR 8.1 billion

German IT security company Astaro has bought Romanian CoSoSys, developer of Endpoint Security, Data Loss Prevention and portable media security software. The acquisition price was not disclosed.

The Bucharest National Airports Company has contracted a EUR 100 loan from BRD Groupe Societe Generale and BCR, to finance the third development and modernizing phase of the Otopeni airport in the Romanian capital city. The two lenders have been chosen in an open bid.

Romanian lender Banca Transilvania posted a net profit of EUR 23.2 million in 2010, 58 percent higher than the one posted in 2009, the bank has announced. The increase was mainly due to revenues from interests and to the strict cost control, according to the bank.

Romanian furniture producer and retailer Staer has started the insolvency procedures, according to Elva Cont, the judiciary administrator. Staer owns a furniture factory in Galati as well as a chain of 24 furniture stores across Romania.

British IT company Endava plans to hire 200 more people in Romania this year and open new delivery centers in the country. The company will organize recruiting events in Bucharest, Iasi and Cluj – Napoca in the following months.

Romanian Finance Minister Gheorghe Ialomitianu on Monday said the International Monetary Fund and the European Commission appreciated Romania’s results under the stand by agreement, adding value added tax revenue covered arrears and kept the budget deficit within agreed margins.

French bakery chain Paul plans to open two new stores this year and has a budget of EUR 800,000 for the new openings, according to Wall-street.ro. The bakery chain, which already runs three stores in Bucharest, is looking at both shopping center and street locations in Bucharest

Bucharest metro company Metrorex will organize a bid to award a EUR 12.1 million contract for design, technical consultancy, legal and technical assistance to prepare the public private partnership (PPP) project for a new metro line in Bucharest.

The European Bank for Reconstruction and Development is considering providing up to EUR 27.5 million loan to Compania APA Brasov S.A. for key investments in the County of Brasov to meet EU water and wastewater directives.

Romania’s consolidated budget posted in 2010 a deficit of EUR 7.8 billion, or 6.5 percent of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. In its financing agreements with the IMF and the European Commission, Romania pledged to keep the budget deficit below EUR 8.1 billion

German IT security company Astaro has bought Romanian CoSoSys, developer of Endpoint Security, Data Loss Prevention and portable media security software. The acquisition price was not disclosed.

The Bucharest National Airports Company has contracted a EUR 100 loan from BRD Groupe Societe Generale and BCR, to finance the third development and modernizing phase of the Otopeni airport in the Romanian capital city. The two lenders have been chosen in an open bid.